Millionaire still eligible for foodstamps

peilthetraveler · May 19, 2011

http://news.yahoo.com/s/yblog_local...r-defends-use-of-food-stamps#mwpphu-container

A guy from Michigan wins 2 million dollars in the lottery and continues to collect food stamps. Apparently, lottery winnings are considered liquid assets and do not count towards gross income, so as long as his income doesnt change, he can be a millionaire and still get food stamps.

forsalenyc · May 19, 2011

apparently our govt has many flaws and issues. I dream of doing some govt contracting later on, so I can do nothing and collect $$$$

Debaser82 · May 19, 2011

Assets should be a factor in collecting government support.

Millions of rich doctor's housewifes collecting unemployment checks...

That's just wrong.

olias · May 19, 2011

They are trying to fix the loophole in the rules that allows for this

zdreg · May 19, 2011

why save money? in the US there is a 100% tax on saved money if you are to receive medicaid.

the Democratic politicians, with themselves exempted of course, believe that every dollar a person receives and not handed over to the government is a loophole.

zdreg · May 19, 2011

Quote from Debaser82:

Assets should be a factor in collecting government support.

Millions of rich doctor's housewifes collecting unemployment checks...

That's just wrong.

why shouldn't they? that is what unemployments checks are for.

if not eliminate unemployment checks and let people apply for welfare which has an asset test.

Debaser82 · May 19, 2011

Quote from zdreg:

why shouldn't they? that is what unemployments checks are for.

if not eliminate unemployment checks and let people apply for welfare which has an asset test.

Why not aply the same rules on being eligible for welfare to being eligeble to unemployment benefits?

It's not a rhetorical question.

Why is there a difference and should there be one?

LeeD · May 19, 2011

Quote from zdreg:

why save money? in the US there is a 100% tax on saved money if you are to receive medicaid.

the Democratic politicians, with themselves exempted of course, believe that every dollar a person receives and not handed over to the government is a loophole.

Haha, close enough!

With all the aid available savers indeed end up footing the bill. Say, whether parents can pay for the colledge (or are eligible for grants) is determenined on the basis of their assets, not (past) income. So, those who spend it all may actually feel pretty secure.

On the topic of the Opening Post. People often get wealthy by pure luck... but they remain wealthy because they don't throw money away. This includes making full use of any aid available from the government and local authorities. So, getting food stamps fits the stereotype of a wealthy person very well.

southbeach4me · May 19, 2011

Quote from Debaser82:

Assets should be a factor in collecting government support.

Millions of rich doctor's housewifes collecting unemployment checks...

That's just wrong.

they ought to be taken to a nearby ghetto, raped, and shot.

Debaser82 · May 19, 2011

Quote from southbeach4me:

they ought to be taken to a nearby ghetto, raped, and shot.

The IMF has no say in national unemployment policy.